Trane Technologies (TT) Shares Outstanding (Diluted) (2009 - 2026)
Trane Technologies (TT) reported Weighted Average Shares Outstanding (Diluted) of 221.4 million for Q3 2026, down 1.3% from 224.4 million a year earlier and down 0.5% from the prior quarter.
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Analysis
Trane Technologies (TT) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Trane Technologies posted Weighted Average Shares Outstanding (Diluted) of 224.9 million, down 1.5% from FY2024.
- Weighted Average Shares Outstanding (Diluted) has declined for 15 consecutive years, with a five-year compound annual growth rate of -1.5% (FY2020 to FY2025).
- By year, Weighted Average Shares Outstanding (Diluted) came in at 228.4 million in FY2024 (-1.0%), 230.7 million in FY2023 (-1.8%), 234.9 million in FY2022 (-3.1%) and 242.3 million in FY2021 (-0.3%).
- The Q3 2026 figure ranks as the lowest quarterly Weighted Average Shares Outstanding (Diluted) in data going back to Q1 2009.
- Year over year, Weighted Average Shares Outstanding (Diluted) has now declined in each of the last 21 quarters, with an average decline of 1.4% over the last eight quarters.
- The year-over-year decline in Weighted Average Shares Outstanding (Diluted) has ranged between 0.3% (Q4 2021) and 3.2% (Q3 2022) over the last five years.
- Per Business Quant data, the three quarters before Q3 2026 came in at 222.5 million (Q2 2026), 223.1 million (Q1 2026) and 224.9 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 91.50 Bn | 86.14 Bn | 2.38 Bn | 221.40 Mn |
| 2 | Johnson Controls International | 83.63 Bn | 81.11 Bn | 2.71 Bn | 611.00 Mn |
| 3 | Carrier Global | 44.36 Bn | 39.10 Bn | 1.90 Bn | 821.80 Mn |
| 4 | Comfort Systems Usa | 38.92 Bn | 32.88 Bn | 934.48 Mn | 35.15 Mn |
| 5 | Otis Worldwide | 29.51 Bn | 26.06 Bn | 1.16 Bn | 381.90 Mn |
| 6 | Masco | 16.33 Bn | 14.40 Bn | 720.00 Mn | 196.00 Mn |
| 7 | Allegion | 16.19 Bn | 14.81 Bn | 548.20 Mn | 85.20 Mn |
| 8 | James Hardie Industries | 16.17 Bn | 15.36 Bn | 562.40 Mn | 585.80 Mn |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 39.60 Mn |
| 10 | Madison Air Solutions | 12.50 Bn | 9.16 Bn | 422.70 Mn | 530.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 221.40 Mn |
| Jun 30, 2026 | 222.50 Mn |
| Mar 31, 2026 | 223.10 Mn |
| Dec 31, 2025 | 224.90 Mn |
| Sep 30, 2025 | 224.40 Mn |
| Jun 30, 2025 | 225.10 Mn |
| Mar 31, 2025 | 226.40 Mn |
| Dec 31, 2024 | 228.40 Mn |
| Sep 30, 2024 | 228.00 Mn |
| Jun 30, 2024 | 228.70 Mn |
| Mar 31, 2024 | 229.50 Mn |
| Dec 31, 2023 | 230.70 Mn |
| Sep 30, 2023 | 230.60 Mn |
| Jun 30, 2023 | 230.30 Mn |
| Mar 31, 2023 | 231.50 Mn |
| Dec 31, 2022 | 234.90 Mn |
| Sep 30, 2022 | 234.00 Mn |
| Jun 30, 2022 | 235.70 Mn |
| Mar 31, 2022 | 237.10 Mn |
| Dec 31, 2021 | 242.30 Mn |
API Access
Trane Technologies Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "TT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();